Whale Who Sold 255 BTC Opens New Leveraged Shorts on Bitcoin and Ethereum

Onchain Lens reports the same major holder has taken new $50 million-plus leveraged short positions in BTC and ETH, signaling aggressive bets against leading cryptocurrencies.

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HYPE

Summary

On January 3, Onchain Lens identified a cryptocurrency whale who previously sold 255 Bitcoin on HyperLiquid opening fresh short positions in BTC and ETH. The BTC short is leveraged 10x and the ETH short 15x, with a combined notional value exceeding $50 million. This follows the whale’s prior high-risk TRUMP token trade, indicating a continued strategy of aggressive leveraged bets against digital assets.

Terms & Concepts
  • Whale: A term used in cryptocurrency markets to describe an individual or entity that holds large quantities of a digital asset.
  • Leveraged Short Position: A trading strategy using borrowed funds to bet on the decline in an asset's price, with leverage amplifying both potential gains and losses.